Borrow Money to Buy a Smoothie King health Food Store Franchise

Borrowing money to buy a Smoothie King health Food Store franchise? First United Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Smoothie King health Food Store franchise loans are available to Tulsa, Oklahoma entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First United Bank & Trust, based in Durant, Oklahoma, issued an SBA franchise loan for a Smoothie King health Food Store franchise in 2004. We've got all the details on this Oklahoma small business loan.

SBA Loan Borrower

SMOOTHIE KING
8222 SOUTH LEWIS
TULSA, OK 74137

SBA Loan Lender

FIRST UNITED BANK & TRUST
1400 W MAIN ST
DURANT, OK 74701

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722330 - Mobile Food Services

Loan Approval Date

7/21/2004

Loan Approval Gross Amount

$76,000

Loan Approval from the SBA

Of the total $76,000 loan amount, the SBA guaranteed $64,600.

More Information on This SBA Loan

The borrower, Smoothie King, borrowed this money for an existing business. This loan was used to buy a Smoothie King health Food Store franchise. At the time of the loan, the company had 17 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 8/1/2005.

Next Steps for Getting an SBA Loan

If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding.

We can help you find the best banks for small businesses in Tulsa or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Smoothie King

Small Business Loan

Small Business Banks in Durant, Oklahoma

Oklahoma SBA 7A Banks

If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.